By: MoneySense staff | MoneySense.ca | April 2013
Read More, and see what Scott Plaskett says about how to deduct your mutual fund fees.
Fees you pay to an adviser to manage a non-registered investment account are tax-deductible. Unfortunately, if you’re a mutual fund investor, you can’t take advantage of this, because the fee paid to your adviser for helping you with your portfolio is buried in the fund’s management fee. On a typical fund with a 2.5% fee, 1.5% might go to the fund company, while the other 1% is a “trailer” paid to your adviser. There is a way around this, however. Scott Plaskett says you should ask whether your adviser can arrange to…
